Do Carbon Prizes Work?

Do Carbon Prizes Work?

On Earth Day next year, expert judges will decide who should get the biggest incentive prize in history—$80 million for removing at least 1,000 tons of carbon dioxide from the atmosphere.

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Carbon markets are broken.

Carbon markets are broken.

There is a global shortfall of high-integrity carbon dioxide removal. Our analysis finds that fewer than 4% of carbon credits are generated by projects that remove (and safely store) excess carbon dioxide.

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2023 Year in Review by CDR.FYI

2023 Year in Review by CDR.FYI

Since 2021, durable carbon dioxide removal (CDR) has rocketed from only a handful of suppliers and 0.009 Mt tonnes delivered in 2020, to hundreds of companies testing out dozens of removal methods in the real world, delivering over 0.1Mt and selling 4.5Mt in 2023.

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